Liberty Media Formula One Series C (NASDAQ:FWONK) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.33.

A number of research firms have recently weighed in on FWONK. Zacks Investment Research upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Finally, Goldman Sachs Group began coverage on shares of Liberty Media Formula One Series C in a report on Tuesday, October 9th. They issued a “neutral” rating and a $39.00 target price on the stock.

FWONK stock traded up $0.01 during mid-day trading on Friday, hitting $33.86. The company had a trading volume of 926,371 shares, compared to its average volume of 984,837. The stock has a market cap of $7.82 billion, a P/E ratio of 27.98 and a beta of 1.41. Liberty Media Formula One Series C has a 12-month low of $28.37 and a 12-month high of $41.14.

Liberty Media Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The company had revenue of $585.00 million during the quarter, compared to analysts’ expectations of $602.28 million. On average, research analysts forecast that Liberty Media Formula One Series C will post -0.25 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of FWONK. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Media Formula One Series C in the 2nd quarter worth about $160,000. Bank of Montreal Can grew its holdings in Liberty Media Formula One Series C by 133.2% during the 3rd quarter. Bank of Montreal Can now owns 4,510 shares of the company’s stock valued at $168,000 after purchasing an additional 2,576 shares during the last quarter. Cerebellum GP LLC bought a new position in Liberty Media Formula One Series C during the 3rd quarter valued at about $178,000. FineMark National Bank & Trust bought a new position in Liberty Media Formula One Series C during the 2nd quarter valued at about $202,000. Finally, Tower Research Capital LLC TRC grew its holdings in Liberty Media Formula One Series C by 1,038.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,485 shares of the company’s stock valued at $204,000 after purchasing an additional 5,003 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Liberty Media Formula One Series C Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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